News and Announcements
Proteomics Targets Gastro-Causing Parasite
- Published October 20, 2016 11:16AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
20th October 2016, ASX Announcement
Perth life sciences company Proteomics International Laboratories Ltd (PILL, ASX: PIQ) has successfully applied its biomarker discovery platform Promarker to the parasite Giardia.
- PILL maps samples from the gastro-causing parasite Giardia.
- Giardiasis is one of the most common waterborne diseases worldwide.
- Secures commercial funding and Federal Entrepreneurs’ Programme grant to help commercialise the test.
- PILL to receive a royalty stream from net sales for any diagnostic test.
PILL used the company’s proprietary technology to map samples of the gastro-causing parasite, searching for protein ‘fingerprints’ that can distinguish between different strains.
The proof-of-concept study was conducted in collaboration with Murdoch University and on a feefor-service basis with a leading US veterinary company. This collaboration will now be extended with the aim to develop a commercial diagnostic test for Giardia, and a licence agreement is in place to ensure PILL receives a royalty stream from sales of any test.
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